MFS Intermediate High Income Fund (NYSE:CIF) Short Interest Update

MFS Intermediate High Income Fund (NYSE:CIF) saw a large increase in short interest in June. As of June 15th, there was short interest totaling 14,465 shares, an increase of 281.1% from the May 31st total of 3,796 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 115,592 shares, the short-interest ratio is presently 0.1 days.

MFS Intermediate High Income Fund Stock Performance

Shares of CIF remained flat at $1.60 during midday trading on Friday. 63,396 shares of the stock traded hands, compared to its average volume of 77,608. The firm has a 50 day moving average price of $1.62 and a 200 day moving average price of $1.66. MFS Intermediate High Income Fund has a one year low of $1.57 and a one year high of $1.82.

MFS Intermediate High Income Fund Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 8th were paid a $0.0141 dividend. This represents a c) dividend on an annualized basis and a yield of 10.6%. The ex-dividend date was Monday, June 8th.

Institutional Trading of MFS Intermediate High Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of the company. Sit Investment Associates Inc. lifted its holdings in MFS Intermediate High Income Fund by 25.0% during the 4th quarter. Sit Investment Associates Inc. now owns 1,452,035 shares of the company’s stock worth $2,468,000 after buying an additional 290,356 shares during the last quarter. Pin Oak Investment Advisors Inc. increased its holdings in shares of MFS Intermediate High Income Fund by 107.6% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 165,900 shares of the company’s stock valued at $293,000 after acquiring an additional 86,000 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of MFS Intermediate High Income Fund in the 4th quarter valued at approximately $31,000. Institutional investors and hedge funds own 6.85% of the company’s stock.

About MFS Intermediate High Income Fund

MFS Intermediate High Income Fund Inc (NYSE: CIF) is a closed-end management investment company advised by MFS Investment Management, one of the oldest global asset managers headquartered in Boston, Massachusetts. The fund seeks to provide current income and capital appreciation by allocating assets primarily to intermediate‐duration debt instruments. It trades on the New York Stock Exchange under the symbol CIF and offers investors exposure to a diversified portfolio of fixed-income securities.

The fund’s investment strategy emphasizes intermediate maturities, generally targeting bonds and loans with durations ranging from two to seven years.